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NatPower to Deploy Over 25 GWh of Battery Storage in Europe Using Tesla Systems
Tesla agreed to supply Megapack systems and services for projects in Italy and the UK. The program targets more than 100 GWh total capacity and $15 billion in revenue over 20 years.
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Tesla signed a multi-year agreement with NatPower to deploy more than 25 GWh of battery storage across Europe, OilPrice.com reported. The deal covers Megapack battery energy storage systems along with engineering, procurement, construction, and trading services. Projects will be located in Italy and the United Kingdom.
The five initial projects form the first phase of a program whose total capacity target exceeds 100 GWh. Aggregate construction value across the full scope is estimated at $4-5 billion, with expected revenues exceeding $15 billion over 20 years. The storage capacity will provide grid stabilization, renewable generation optimization, and dispatchable power for data centers and energy-intensive industrial operations.
NatPower will own and operate the projects. Europe’s annual battery installations are projected to rise from 50 GWh in 2026 to 138 GWh by 2030, according to SolarPower Europe. Capacity installations of renewable energy co-located with batteries are forecast to increase from 6 GW in 2025 to as much as 35 GW by 2030, Aurora Energy Research said.
Tesla’s Megafactories in Lathrop, California, and Shanghai, China, have combined annual manufacturing capacity of 80 GWh. The company stated that its Megapack output could retire 400 fossil fuel peaker plants of 100 MW each per year. The United States installed a record 3.3 GW/8.4 GWh of battery energy storage systems in the first quarter, surpassing the prior Q1 record by 54 percent, with utility, commercial, and residential segments all reaching new highs.
